July 18 (Solar) – French renewable power plants operator Voltalia SA (EPA:VLTSA) has opened a new office in Egypt as it announced plans to add 800 MW of capacity there in the next five to eight years.
The French firm said on Tuesday that the office in Cairo will help it better take advantage of the renewable energy investment opportunities in Egypt. The country targets to deploy more than 13 GW of renewables capacity, including 2.3 GW of solar and 7.2 GW of wind, as it seeks to generate 42% of its power from renewable sources by 2025. Voltalia’s plan is to develop the 800-MW portfolio both for itself and for third-party clients.
The Cairo office is Voltalia’s third one in Africa after Morocco and Tanzania. “With this new local presence, we are also in a good position to provide engineering, procurement and construction (EPC) and operation and maintenance (O&M) services to our clients in Egypt”, said Sebastien Clerc, CEO of Voltalia.
Last year, the French group secured a 25-MW solar project in Aswan, Egypt, under the local feed-in tariff (FiT) programme.